THE GEOGRAPHY OF FRINGE BANKING

Anping Chen, Marlon Boarnet, Mark Partridge, Christopher S. Fowler, Jane K. Cover and Rachel Garshick Kleit

Journal of Regional Science, 2014, vol. 54, issue 4, 688-710

Abstract: type="main">

U.S. financial services are bifurcated into a traditional banking sector that serves wealthier individuals and a less regulated alternative financial services sector (payday lenders, check cashers, etc.) catering to lower income individuals. What determines the spatial distribution of fringe banks? First, at the county level, fringe banks do not fill a spatial void in traditional services. Second, whether fringe providers disproportionately locate in counties with more minorities depends on the service and the minority population. Finally, pawnshop prevalence is shaped by restrictions on interest and fees, but the location of payday lenders and check cashers is not sensitive to such regulation.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://hdl.handle.net/10.1111/jors.12144 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:54:y:2014:i:4:p:688-710

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0022-4146

Access Statistics for this article

Journal of Regional Science is currently edited by Marlon G. Boarnet, Matthew Kahn and Mark D. Partridge

More articles in Journal of Regional Science from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().